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's on somewhat shaky ground, the economy is bad, and part of the problem is the refugees are a huge pressure point as the king sort of eloquently said today. few of us saw the foreign minister this afternoon who said it's almost as if-- he said it's as if another eight or nine, the king said 10% has been added to our population. the foreign minister said eye asked him the question the king was asked, would you ever shut your doors? and he said we just can't do that. but i have to say my nightmare scenario is i get a call at 3:00 a.m. and i'm told there are 50,000 refugees at the border, what do we do? >> margaret, just to wrap up quickly, we know the bulk of the president's time was spent in israel, trying to patch up relations there, but also calling for new thinking on the part of the israelis and palestinians. have you picked up reaction yet to what the president was saying? >> jied, in the public, especially in the left in israel, there was great-- great joy at what the president had to say about resolving the conflict. but the reaction from people sort of in the political circles was a
care system is the largest economy in the world. we spend on health care more than the french spend on everything for 66 million people. >> of the three brothers, while he is the author of the book, he's not the one most people know from television, which doesn't mean he hasn't done television. >> here's zeke. zeke emanuel, a smart kid from harvard, now a yank at oxford. >> this was an early tv reality show called "now get out of that" which aired on the bbc in 1981. it was part intellectual challenge, part physical, obstacles, problem solving. and as you'll hear, it's not just zeke's chicago accent that sets him apart, it's how he throws himself into and at everything. >> but says you may not walk inside the area. >> that's what it says here, walk. >> later in the bog area -- >> hang on. >> it's not a top. it's a milk can or something. >> then in the water. >> this ain't no raft. where's the rubber dinghy. >> at 27 he shows physique and courage, but always leads with his brain. >> you have to hand it to zeke. he may be pushy, but where would they be without him? >> which brings us
't it? the economy is starting to improve. we're still seeing -- you know, you're talking two years out. i think the market's going to be at 17,000 in two years. i'm talking the opposite direction. i'm not a super, super bull. but in two years, i definitely think we're going to see, you know, lower unemployment. >> 3,300 down here. 17,000 up. >> that's a huge -- >> who's right? huh? >> i am. >> there you -- thank you, peter. >> thank you. >> see you later. heading toward the close. a day very much dictated by events overseas. the bailout of the cyprus banks seem to be a catalyst to the upside this morning. until the dutch finance minister had his say. but we are finishing well off the lows of the session. the dow was down 117 at the low of the day. and we're down about 50 right now. stay tuned. super bear harry dent is joining us on the second hour of "the closing bell." >>> welcome to "the closing bell," i'm sue herera in for maria bartiromo. bill will join me in a moment. not a great finish to the first trading day of the week. it started out so promising on news of a bailout agreemen
. by in large, of those 11 million, they're contributors to our economy. if we get it right and finally fix our broken system, we're going to have 11 million people contributing to our economy and it will be the biggest boone we could ever imagine to this economy. >> speaking of that, the economy and this economic impact, as you know, it's obviously a huge issue, and according to the center -- a study by the center of american progress, passing comprehensive immigration reform this year would create 200,000 jobs a year for the next ten years. it would add $1.4 trillion to our gdp, and it would add almost $800 billion in personal income. so the american people are going to pay a pretty heavy price if we don't get immigration reform passed this year and there's certainly an economic argument to be made. do you think that your colleagues on capitol hill, particularly those who are still resistant, understand how high the stakes are? >> i'm glad that these studies are being done. i think these studies are actually telling the truth. at the same time, unfortunately, i think the people afraid to vote
go, the economy comes to lif norfolk southern. one line, infinite possibilities. david: five seconds away. s&p futures are closing let's head back to tim mulholland in the pits of the cme. what are you see, tim? >> we're closing near the highs. slow volume day. next week is the first week of the -- last weeks of the first quarter. so i think that we're looking at some regional fed manufacturing indexes, and end of the quarter. this market sits back a little, one step back, two steps forward. david: everyone wants to it is friday. everybody take a breath. tim, thanks very much. >> sure. shibani: shares of grocery conglomerate supervalu are soaring today. let's head back to the floor of the new york stock exchange and sandra smith with the latest. sandra? >> hey, david, hey, shibani. investors of supervalu the supermarket chain are breathing a fresh air as the stock is trading over 15 million shares. the basically the grocery store chain announced it closed a many could plex deal where cerberus capital management led group slimmed down the supermarket portfolio of this company. they sh
can be the linchpin in our economy over here. it's ridiculous. >> right. it should be a smaller problem. they could take care of this in other ways. they could print money or -- >> i'm not going to pick a state here. it would probably be a southern state, but a poor southern state cannot take the down the united states. >> a western state because they're not awake yet. but here we are. out of the 22 -- cyprus? >> you thought greece was small, cyprus is -- >> come on, cypriots? i remember some conflicts. i thought it was a golf course, which would be a much bigger problem to me. >> let's introduce our guest host this morning, kenny dichter, co-founder of avian. why do i always mispronounce it? because you've been b drinking it. >> avione is airplane in french and spanish. >> can we get a full shot of this? he's now the chairman of juicepress. i have been drinking this stuff for the past week, virtually, five days. >> and you know what? your skin tone has never looked better. >> no food up until this saturday. you've been doing this now -- >> 22 days. >> i've made my cleanse zero
crude prices can tell us about the broader economy. stick around. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> good morning. welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and andrew ross sorkin. u.s. equity futures at this hour after giving back about 62, well off the lows yesterday. indicated that a bounce a little, but a time can happen between thou and 9:30 on the east coast. there's energy, you see crude
over republicans handling the economy to just a four-point advantage. congress is down there with saddam hussein and gaddafi and popularity, except that the other guys, being dead, don't really care. congress does. the president has to do the charm offensive because he got cocky. he won the election and he crushed republicans on the fiscal cliff, and he tried to do it on sequester. sequester, the way he pushed it, was a mistake. he overshot with talk of the apocalypse, which exposed and to ridicule. but then he acted so cynically with the biggest example being the shutting down of the white house tours, and people can understand that the administration was deliberately trying to find stuff that would be painful and visible rather than being economical with cuts. that is white and he had to retreat -- why he had to retreat. purposes.s serves two it makes the eu and look efficient by contrast, and makes the president's job rating look good by comparison. a continuing resolution, a washington speech, -- to fund, government's there will be an agreement on that pit the crunc
. manufacturer are expected to relocate sites to newly emerging economies. they want to take advantage of lower costs. analysts say if the figure continues to drop, it will affect regional economies in japan as well as employment. >>> elderly japanese suffering from dementia could soon be using the latest technology to help them lead more fulfilling lives. the research institute of the national rehabilitation center for persons with disabilities organized an event to display their newest equipment. about 100 people attended, including family members and helpers who look after people with dementia. a pill case reminds users to take their medicine and even prevents accidental overdoses. the case is fitted with an alarm and dispenses the correct amount of medicine. researchers said 19 elderly people who forgot to take pills more than once a week tried using the case. after three months, 14 of them found it helpful. other equipment included a transmitter attached to purses or keys. when a remote control button is pushed the equipment emits a sound to help the user locate the eye tim. an electronic
for a job for a long time. i am trying to support my children. >> those involved ways government -- economy -- though zimbabwe's economy has begun recovering, full recovery remains elusive. would coste industry at least $1 billion. it is unlikely they will get the funds anytime soon. mohammed adow, al jaazeera. >> two years ago, a visit by the leader of myanmar to australia would have been highly improbable. now, thein sein -- now thein sein has become the first myanmar president to visit australia in four decades. australia is boosting aid. , civilunited states rights groups are taking the new york city's police department to court, claiming that the stop and frisk policy unfairly targets minorities. this east new york city neighborhood, crime and poverty are rampant -- >> in this east new york city neighborhood, crime and poverty are rampant, that many young men say it is the police they fear most. some were afraid to give their last names in describing their dealings with police. >> how are you all doing? >> i have had going -- had guns pointed at me based on my appearance. stop and fri
have more friction with its neighbors as it expands its military along with its economy. foreign government officials are waiting to see what kind of diplomatic steps will be taken by chinese leaders. >> i think the new chinese government wants to stabilize its external affairs and focus on internal affairs. so it may be willing to stabilize its relationship with japan and the united states and china and stable economic growth are indispensable for achieving the recovery of china's economy. >> he says he is mainly watching two points. one is the possibility of a power struggle in the three-tiered power structure. and the other is china's one-party system. he doubts that the communist party will get enough support from the people in the future. it appears party officials do not intend to democratize the country. >> how long would they be able to avert change? i believe china will face critical moment in five to ten years from now. >> china's president and premier serve five-year terms. they are often re-elected, though, which means xi and li will probably be in charge for the next
at the department of labor as he is there, he will have a much broader effect on the economy and the way that people work and are employed. >> megyn: as we speak, we are just getting this breaking news in that senator vittert-- senator vitter is coming out and saying he'll block the perez nomination and saying he's committed to doing that and that he was directly involved in the the controversial new black panther voter intimidation case and his record should be met with great suspicion by those in the senate saying in particular his home state of louisiana needs to have cause for concern about the nomination. already begins, chris, thank you. >> yes, ma'am. >> megyn: and again, as we mentioned, mr. perez has been dogged by some controversy throughout his time at the doj, including the testimony he just mentioned to a civil rights commission about his handling of the new black panthers case. again, the inspector general finding that he did mislead when it came to that issue although concluding it was not intentional. that testimony and the background on the controversy are on foxnews.com right now,
to be made by car, then there would be no more amsterdam economy because no one would be able to move about. there would be one giant traffic jam all day. so the bike is the grease in the amsterdam economy. you have to build less highways, you have to build less parking garage. you put the bike -- use very little space. where you have to build parking garage, they're very expensive. there are recent surveys that companies pay up to 30,000 euros, that's $50,000 per year per person to have them traffic by car to work, where as a bike costs only 250 euros so there are large benefits at stake. also, there is lots of surveys that show that people who live in towns where there is more cycling, people like to live there better than in towns where there is less cycling. there are an overwhelming lot of advantages on cycling and i'm going to put some -- and then this is what oakland should do as few of them -- recommendations that are put together oakland also could be used for san francisco. one thing is, if you want to have these advantages, for instance, if you're scared about all the money that
tourism economy is such a big deal for shore towns, seaside has vowed to be up and open for business on the boardwalk this coming summer. we are back with our monday making a difference report after this. an extraordinary group on the go setting its sights on helping a lot of kids. >>> finally tonight here we have an uplifting making a difference report. tonight from los angeles where things are now looking a lot better for a lot of kids. that's because of the efforts of some caring folks helping kids whose families can't afford the eyeglasses they need, giving them a chance to see and learn and thrive. our making a difference report tonight from nbc's miguel almaguer. >> reporter: for these kids, this bus is a sight for sore eyes. >> this is going to be exciting. >> who gets to go first? >> reporter: an eye clinic on wheels built by vision to learn that provides free eye exams and glasses to students in low-income communities. >> perfect. don't move. >> reporter: fifth grader dina ventura hasn't seen clearly since kindergarten. dina is one of 34 students getting tested at her school
,488. the euro of slightly trading at $1.2948. >> some positive news for the european economy today. airbus has just signed the biggest civil aviation deal in history. it is with ryanair. >> it will provide a much-needed boost to the economy promising to secure 5000 jobs in france alone over the coming decade. >> the signatures are worth a lot of money. airbus will likely discount package of 234 plans, they have a list price of 18 billion euro. assembly will take part in france with parts from several european locations. it will be at capacity for four years. >> of bills meanwhile pride that we epitomize european success. we are working together to create jobs. >> the deal means more than money and well paying jobs. ryanair is a new customer for airbus. they have previously purchased all their planes from their arrival, boeing. >> the western-backed opposition is meeting in istanbul to p ick the new prime minister. the first tasks is creating a cabinet. >> the conflict is expected to escalate further with britain and france say they plan on our main local groups. especially when it comes to pol
property tax base, so housing prices, the strength of our tourism economy as well as job growth. as you might imagine, revenue projections are sensitive to the overall economic condition of the city so to the degree that the pay for the recovery is slower or federal spending cuts are more significant than what we -- than we're factoring in at the moment, those projections could change. overall, the plan assumes more conservative growth rates on revenue in the third, fourth and fifth years of the plan. one to have reasons for that is that we are now going into a pretty -- into a sustained period of economic recovery and over the last number of years, we know that we haven't been able to -- we've seen booms and busts in our economy so we need to be i think responsible in our revenue projections in those third, fourth and fifth years. there's still growth rates assumed but just at a lower level. >> ms. howard, quick question for you, and i appreciate that comment, i think as you look at economic cycles and so forth, you can make an argument that we're going into a shorter economic swing, h
as soon as possible and to stir growth. they bumped liquidity into the economy, but he said he took extreme care to make sure the country did not shoulder the countries debt. he also said they could not change fast enough to keep pace with the ageing population and the progress has caused the economy to stall. the consulting chief researcher spoke about his five years in office. he criticized the governor for not working hard enough to pull the country out of deflation. he said he worried too much about the risks of inflation that could set in if he took bold, monetary measures. >> he was able to end deflation. he failed to clearly outlike the boj's responsibilities and to appeal to the public that they would take aggressive steps. >> but he gave him credit for helping to stabilize the financial system. japan did not experience a financial crisis despite the collapse of lehman brothers and the earthquake two years ago. here are the latest market figures. >>> people across iraq are looking back on a war that took away one problem and replaced it with many others ten years ago on marc
is in the economy. >> and the trickle up economics that is fueling the bay area recovery. how small businesses are building the boom one job at a time. >>> with the smirk on his face and a t-shirt with the word, killer scrolled on it, an ohio teenager appeared in court to hear his sentence for killing three classmates last year. 18-year-old, t.j. lane turned to the victim's families if court, cursed and made an obscene gesture. sentenced him to life in prison. he was not eligible for the death penalty because he was a minor when he opened fire on students in his high school cafeteria. the mother of one of the students killed called lane a quote, pathetic excuse for a human being. >> another campus tragedy averted by an alert student. tonight we are hearing from the young man who saw his roommate with a gun and then called police. cbs reporter, marchly hall, on the law enforcement response. >> police entered the dorm room of 30-year-old james oliver under the blare of a fire alarm they say he activated to lure students out of their room. they found him next to his bed, dead because of a self-
as possible, and spur economic growth. the band bought bounds to pump liquidity into the economy. but he expressed that he had taken extreme care to make sure they did not end you have shouldering the country's debt. also, he said they could not change fast enough to keep up with the ageing population. chief researcher spoke about his time in his he criticized the boj governor for not working hard enough to get the country out of deflation. >> translator: end deflation. he failed to clearly outlike the boj's responsibilities and to appeal to the public that they would take aggressive steps. >> but he gave him ret for stabilizing the system. >>> transportation officials sri lanka have opened a new international airport with a lot of help from china. they have high hopes it will give the economy a boost. cholaphansa narula in bangkok is following the story. president mahinda rajapaksa attended the ceremony. he sees it as a way for sri lanka to revitalize itself. nhk world reports. >> reporter: the airport was built in the southern district. the first flight arrived on monday. coming out of
business reporters carolyn said on an upcoming article about recovering local economy from dbi permit issuance. since the uptick in the amount of permits we've been issuing on buildings is probably a good sign in terms of how the economy is going, so, that's going to be an article that's going to be coming out soon. i guess that's it for the report today. >> is there any public comment on the president's announcements? okay. seeing none, item 3, general public comment. the bic will take public comment on matters within the jurisdiction that are not part of this agenda. ~ is there any public available? seeing none, we will move on to item number 4. discussion and possible action to elect bic officers. 4a, waiver of bic rules to hold bic offer certificate election on a different date, 4b, election of president, 4c, election of vice president. >> so, we wanted to get some action on waiving the rules of the commission because we wanted to postpone the election of the board president and vice president till the next meeting when more commissioners could be present. >> i move to waive the r
. >>> so just where is the economy headed? according to federal reserve chief ben bernanke the economy is improving. however, interest rates will stay low now until unemployment falls below 6.5%. >>> more news from nike after the bell investors will look at nike's future orders. china trends. and gross margins for a read on consumer demand in china and here at home. >>> expectations are climbing for home sales. >>> cash-strapped cyprus banks are still closed and late night meetings broke up with no new plan b to fund the island's much need bailout. the european central bank gave cyprus until monday to work out a deal or be cut off from emergency funding. >>> closer to home, cvs is weighing in on its controversial policy to require employees to report their weight and body fat or face a health insurance premium increase. the company insists all data collected during health screenings is private. >>> fans of starbucks will be happy to know beginning in may they can also rack up rewards points with packaged coffee purchases at grocery and drugstores. >>> meanwhile, walmart is expanding it
leaders are hoping he will take bold measures to reenergize the sluggish economy. >> translator: our business has been so tough over the past 20 years due to prolonged deflation. consumers are reluctant to spend money when prices keep falling from one day to the next. i hope the boj will work closely with the government and take bold monetary easing steps to bring deflation to an end as soon as possible. >> translator: we have high expectations for the boj under kurodo's leadership. kurodo and his deputies have abundant experience both at home and abroad. they will make a great team to guide the economy. >>> we spoke to bill devinny. >> kuroda was actually quite clear that he wants to expand asset purchases, he wants to buy longer dated bonds and also to increase the scale of asset purchases. and we think he is going to be quite aggressive in pursuing these additional measures. we expect, for example, an increase in bond buying of 16 trillion yen at the next meeting of the bank of japan. we also expect eventually the bank of japan to buy more riskier assets such as equities and corpo
. let's listen. >> due to the influx and further strained the economy that is already under considerable external pressures with an unstable region, the ghoebl economy recovering. but having said that as i already alluded to, we are so grateful to the u.s. assistance in solving this enormous responsibility and together continue to appeal to international community for more help to face this calamity. i had the opportunity, obviously, to talk about the peace process and we're very delighted by the vision and depth of wisdom the president showed over the past several days with israelis and palestinians. and obviously reiterate jordan's commitment to the peace process and the crucial importance of the u.s. leadership in resuming the palestinian-israeli negotiations based on the two-state solution. there is simply no other formula, no other -- two-state solution is the only way to go and if you compare that also with the radicalization of syria, together with the peace process, this is going to be a serious threat to an already volatile region. i believe there is a window of opportunity to m
the week. the bureau could recover a little bit, despite economic disappointing data. the german economy seems to lose momentum. the ifo index dropped for the first time in a month. emma we stay in frankfurt for a closer look at the numbers. the dax fell just slightly, but bigger losses over the course of the week, finishing at 7911. that is how it went in the week in the euro stoxx 50. let's call it finishing flat. across the atlantic on wall street, the dow slightly higher, 14,496. the euro trading higher at a value of $1.2979. u.s. president barack obama has been in jordan this friday on the final leg of his middle east tour. talks with jordan's king focused primarily on the civil war in neighboring syria. >> obama said he was worried syria could become a haven for muslim extremists -- when, not if president assad is ousted. he urged the international community to work together to make sure there is a credible opposition ready to step into the breach. >> the final leg of barack obama's tour of the middle east will be dominated by one issue. with the conflict in syria on going, jordan
a summit of the brics group of emerging economies, including brazil, india, russia and the host nation. he wants to bring the block closer together so it can exert more influence. in tanzania, in the republic of conga, president xi will work on the natural resources needed to feed china's economic engine. analysts say the chinese leader is being strategic with his first trip abroad. they say he is trying to strengthen ties with russia and emerging economies to give china more global influence in a world where the united states plays a leading role. takafumi terui, nhk world. >>> investigators looking into this week's cyberattack against south korean broadcasters and banks are withdrawing a claim they made early on. they initially said a malicious code came from an internet address in china. now they say that's not the case. a computer virus triggered a massive failure at three broadcasters, including kbs and three major banks. it disabled more than 32,000 computers. investigators said a day later the virus that hackers sent to a cooperative bank originated from a chinese ip address. they n
increases, even some stimulus money to try to get the economy going. but it's significant that they're fighting at a lower level of intensity and turmoil. notice that the congress left for easter break without a crisis over a government shutdown. there was no crisis over potential debt limit, and government default earlier this year. could come back this summer but so long as it lasts, that's calming for the markets and good for the economy, and it may, lester, leave some space still for a compromise in which democrats would agree to changes in cuts in medicare and social security, and republicans would come up with a little bit more tax revenue, lester. >> all right, john harwood tonight, thank you. >>> president obama wrapped up his four-day visit to the middle east today, after helping israel and turkey end a three-year diplomatic dispute. that, in turn, will help the region deal with the civil war in syria. before he left today, the president turned his attention to the past, visiting jordan's ancient city of petra, one of the world's most celebrated archaeological sites. with t
new people and reunite with loved ones. critical to our economy. one out of eight american jobs depends in one way or another on travel and tourism. expected to goe to more than 230 ballot -- $230 billion in 2014. our country has benefited greatly from airline inegulation since that began 1978. government control of this industry has had unfortunate results. in the years since deregulation air fares have dropped substantially and options for travelers have expanded. these benefits are the result of free-market competition and will continue as long as the industry remains robust and competitive. despite the positive benefits of deregulation, the story of the islines in recent decades not one of unbroken success. fuel costs have led to a succession of airline bankruptcies. as federal agencies have provided assistance and assume responsibility for many pension plans, the financial stability of the airline industry is one of special concern. to help cope with changing circumstances, airlines have turned to consolidation. in the last decade alone we have than sixewer significant airl
and the eurozone andng period of uncertainty insecurity surrounding the cyprus economy has in then. avertede we have iterally the possibility of bankruptcy and assure the prospects for generations to come. >> was it really aconite for cyprus? pension and insurance funds face major losses in the big banks. that will hurt ordinary people. lines of credit to small businesses could freeze. austerity will begin to eat into jobs, growth, and salaries. without a deal, cyprus faced immediate ruling. which is, the pain will still come, just perhaps more slowly. will nowd nation receive a $13 billion package of rescue loans, not enough, some predict, to avoid trouble down the road. in europe isry going to decide the pain of being inside the bureau is not risk losingn you 40% of deposits. >> without an agreement, cyprus would have become the first country to leave the euro. that has been averted. aanswered questions include or cost, to whom, and for how long? economice to an historian at the university of cyprus. he said the deal marks the beginning of a long and painful process of reform. >> disaster has
and the people are angry. the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and see. >> as you indicated, this is not just cyprus. it is much broader. they are concerned to save -- to say the least. what guarantees do they have at their money is safe in the eurozone? >> if you are a small savor in the bank, bureaucrats here will tell you that cyprus was one off. yes, we came close to breaking bank accounts, but it did not quite happen, so rest calm. people responding to that is that so far, every time there has been a a lot or crisis, it has been a one off. greece was a one off and it could not happen again in that form. spain, portugal, italy. what's a cyprus h
. above 14,500. traders reacting to the word the federal reserve will take more steps to boost the economy through the program of buying up $85 billion in treasury and mortgage bonds. but the trouble in cyprus could threaten markets. officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have ta
, israelis have put this country at the forefront of the global economy. israelis understand the value of education and have produced ten nobel laureates. israelis understand the power of invention, and your universities educate engineers and inventors. that spirit has led to economic growth and human progress. solar power and electric cars, bandages and prosthetic limbs that save lives, stem cell research and new drugs that treat disease, cell phones and computer technology that change the way people around the world live. so if people want to see the future of the world economy, they should look at tel aviv, home to hundreds of start-ups and research centers. israelis are so active on social media that every day seem to bring a different facebook campaign about where i should give this speech. that innovation is just as important to the relationship between the united states and israel as our security cooperation. our first free trade agreement in the world was reached with israel nearly three decades ago. today the trade between our two countries is at $40 billion every year. more i
, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a
just a continuation of the same slump that had been afflicting the british economy since the end of the first world war. so they saw a situation in which the fruits of science and progress were not benefiting science concern society as a whole, and they concluded that the rational organization of science and society was the only way to change that. the other important factor was that scientists had far more international context than almost any other segment of society at this time. and so far sooner than most were very aware of the terrible evils of nazi germany beginning with the persecution and dismissal of all jewish scientists from german universities in 1933. blackett himself was involved as many of these british and american scientists were during this period in finding positions for refugee jewish scientists from germany in universities in britain and america. but i think their politics was far less important than their or brilliance, their commitment and their true fearlessness. the scientists in britain and america who would be involved in this effort included no fewer
underlying economy as long as we stay in the free market and let people go out earn money and change the world, we'll come out ahead, a third of the billionaires reside in u.s., there is a reason, we have that free market capitalism that animallistic spirit, that bridges our country ahead of the game not some government interference or program. neil: well, i hope you are right, monica, in the meantime the government is crowding out the capital, right? it is maybe we've gotten used to that. it is like beating your head against the wall, when you stop, you still have a gaping wound but you feel better. i'm wondering whether we have a false assurance here? >> i don't feel like i have any kind of assure answer from anyone, both of the budgets not only house democratic budget but republican budget are asking for very contentiousesques one wants to us get rid of obamacare, that was a big struggle and the other wants to us get rid of the sequester cuts, which we've been haranging about for weeks now. neil: that just wastes time, every time they do that and add to more spending, we keep talk
, competitiveness issue, to our national and state and local budgets, and to our economy. >> as for the law's implementation, the bulk of the taxes are in effect. the benefits and mandates kick in next year. tracy? tracy: clearly, already seeing effects. cvsments you on the scale and tell them how fat you are. you talked about the debt ceiling, what did he say about that? >> i did. one of the next fights comeing up here, we could expect to hit the ceiling this summer in august. he says we're not going to agree to raise the debt ceiling without doing something about entitlements. mcconnell says this brings the president to the table so republicans want an equal number of cuts or more cuts than whatever amount they agreed to raise the debt ceiling by. mcconnell says it's got to come from entitlements because you can't do enough of what we've seen so far, discretionary spending. tracy: they want us off the beach in the summer. we'll have another debt ceiling fight, be here in august sweating it out again. >> yeah, can't wait. tracy: i know, me too. rich, take the vacation now, thanks. >> yeah.
that the economy is not growing. all wee doing is spending more money for the things that we buy and so it's a charade, a facade. looks like we're growing, but we're contracting. i think that's going to get worse as time goes on. shibani: fueled by money printing. peter, aays great to have you on. thank you very much for joining us today. >> you're welcome. shibani: switching gears and giving lou dobbs a chance of this. if the tiny med trainian island collapses, does it take the entire eurozone with it? i saw you taking notes. i know you want to jump in here, thghts on what peter said? >> peter, i always enjoy listening to his perspective on e world. he said that cypress, you know, could happen anywhere. he did later acknowledge it was an extreme example of banking and sovereignty gone wrong. here's the reality. cypress i now learning th it made serious mistakes. it tried to take the eurozone, the european commission, the international monetary fund and the e. cb to the brink. they play ad like fools. that's how they got in this position. they were reminded of that by the russians who reje
, the economy will stop. we did a major outreach. we trained an outreach team, who went to every community meeting, to educate people on how bad the crisis was. not only did i tell people that we'd have to raise rates, i told them we'd have to tear up the city to repair this infrastructure. man: you can't simply say, "i won't use any water, it's too expensive." we have about 25% of our population that's at or below the poverty line, so you have to look at rate structures that are tiered so the people can pay their bills. franklin: we would love to have something like 75% federal money. we do get some federal aid and we are thankful, but on the other hand, we're paying for this primarily with new rates. we have increased our rates to among the highest in america. but not nearly as much as if we hadn't passed a one-cent sales tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters to agree to tax themselves so that their children and their children's children could have cle
.s. economy and u.s. institutions are the safest in the world and will be a beneficiary. lou: we watched eight straight records on the dow. 10 straight wins on the dow. but this has been an impressive performance. if it time to say we will see you in four or five points from here, i would look at prospect of a correction, what do you think? >> we have gone pretty far, pretty fast. in an interest rate environment. look at it from a relative basis, so that the equity market is pretty interesting place to be. we really haven't seen for a while. lou: we will get some indications on the housing market, we will look at building permits primarily, what are you expecting? >> still think the housing market is in pretty good shape, but if you look at the opportunity out there, seeing some places the housing market is doing pretty well, seeing a lot of the excess capacity in the marketplace, in a zero interest environment, a fair amount of the capacity, investment classes come in and actually bought up a fair amount of those equities. are we going back to the old days, absolutely not. lou: sean matthews,
to support the innovation economy in the united states. we are looking to produce better and new jobs and position to ensure that america remains at the forefront of the economy in the 21st century. we are working to ensure that all americans have the resources and the skills necessary to fully share in all of the possibilities, civic, social, and economic. all of these made possible by the internet. that is one of the reasons we are here today. he discovered for the administration is the broadband technology opportunities program or btop. this program was established in 2009 by the american reinvestment and recovery act and is administered by ntia. we have nearly $4 billion invested in roughly 230 projects across the country, all aimed at expanding broadband access and adoption in the country. and i want to tell you a little bit about the programs and then tell you about why we care so much about this issue. so, we have the btop for infrastructure projects. these are building broadband networks in areas that are currently underserved. they are making sure that hospitals, schools, and
the economy has been so weak. >> what about food and gas prices? >> one thing is the defined benefit lifetime retirement program. those are gone. so you are not -- you just don't have enough money if you're retiring to live off of it, and the government is now broke, in effect. they can't step in and make this up. >> how much are they paying down in the government debt? >> well, the government debt is actually not going down, if i may say. so we are going to have a deficit this year of a trillion 300 billion dollars which is $25 billion a week. it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going to remain >>> i predict that president abi of japan trying to revitalize his economy by loosening its grip on inflation will ove
economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and inagrees foreign direct investment. reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all lift india's ranking and spur business growth in a way that has been missing thus far. largelyia's economy is based on global supply chains, it is absolutely critical for india to enact reforms and liberalize its economy, to tap into this regional market. this is how india anchors itself in the asia-pacific region and we should do what we can to help leverage those reforms inside india. that is why i believe the administration must redouble its efforts to secure a u.s.india bilateral investment treaty. current negotiations are proceeding far too slowly. there are important issues to resolve and it's going to take a concerted effort to make progress, but once the b.i.t. is firmly in place, the u.s. should work with india on a free trade agreement that will foster more trade. we s
-time workers. i don't see how in the big picture this is going to benefit the country or the economy. >> wayne is the first person to repeat this over and over. panelsy pelosi said let's pass so it we can read it. they don't even know the definition of a full time employee yet. is this woman full time? she doesn't know. all she knows is she's probably not getting health care. >> before you answer that, i'm holding a copy of the u.s. constitution in my hand which i carry with me at all times. i page through this time and time again and i can't find anywhere in it that says government can require me to purchase something. >> well, eric, it's unfortunate. the government is -- it's a fashous government. they cans for you to do anything they want to. why we're celebrating something that is a horror like obama care is hond me. you're talking about a birthday, i'll tell you what. birthday you see this cookie, well, the cookie crumbles. see. that's what happens. because it's not worth anything. and they should turn around and get rid of it. >> we're laughing but the economy really rests on health care
it. because then started to address that earlier. it is going to be because the economy is doing better. we will start to see some true growth. connell: we may have addressed it with ben bernanke. [laughter] what are your thoughts? i am sure the currency and trade affects everything that is going on out there. the different markets you are following at imax, giving issues that we are to just? >> right now we are not strong in crude oil. it is surprising if the issues are not something that could affect other areas in europe. this could be a huge bearish move for crude oil coming on. it's interesting to me that we rent out so strong. what i'm looking for is that we have to break 94 and 10 level. however, right now though, short-term, bullish. long-term, very bearish. >> it sounds like this may be the most cautious about what is happening as we head into next week. going back to ben, what about heading into next week? we do have that deadline we will talk about later. >> i don't think cypresses anywhere near as important as the european union. i am looking for a pullback. but it's
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